Current and Projected Hemorrhage Control System Market size in terms of volume and value 2016-2026

Bleeding is the leading cause of death in almost all types of traumatic injuries. Also it has been noted that stopping haemorrhage early can prevent death in almost 90% of cases. However many trauma patients arriving late to the hospitals develops coagulopathy.

Haemorrhage Control System are devices designed to halt severe bleeding from open wounds, during injury especially in situations where tourniquets and haemostatic agents such as bandages and wound dressings are not effective. The device is effective in sealing the edges of a wound to create a temporary hematoma under pressure that lessens blood loss before surgery.

The main factor driving the growth of haemorrhage control system testing market is increasing number of traumatic battlefield injury. Also, the growth of haemorrhage control system market is attributed to government approval for marketing the product in different regions. Secondly increased usage of the device for military medical applications also drives the market for haemorrhage control systems. However apart from the factors leading to the growth of this market, there are some restraints hampering the market growth over the forecast period for example lower awareness regarding haemorrhage control systems, reluctance to use the devices during emergency due to fear of causing additional trauma.

On the basis of region presence, haemorrhage control systems marketis segmented into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The rapid development in technology, increasing healthcare expenditure and willingness to adopt innovative products for emergency care are some of the key factors projected to drive the growth of haemorrhage control systems market globally during the forecast period. North America holds a major share of market and it is expected to grow with a healthy CAGR over the forecast period, due to increased government spending for emergency first aid products for military application. Whereas Asia pacific is projected to grow with the fastest CAGR due to factors such as increased healthcare spending for emergency medical applications and rising number of trauma cases. Haemorrhage control systems market in Western Europe is also anticipated to grow with a decent CAGR, due to changing government norms in some countries.

Main Key market players in the global hemorrhage control systems includes RevMedx, Inc., iTraumaCare and few more. Whereas global hemorrhage control systems market is expected to witness entry of local players within this market.